Right to build adjacent to building : no disclosure

[cdutoit]

I recently purchased a condo in a hi-rise building. I paid a premium for being on a high floor (inherent value in a hi-rise). Now that all the condos have been sold, builder is planning to build another hi-rise right next to current building (by removing some landscaped areas). This will obstruct my view and lower the value of my condo. This intent by the builder was never disclosed to any of the buyers. They waited until 95% were sold before unveiling this. There is an ambigiuous reference in the by-laws but unclear.

Is this legal - or should it have been disclosed since they had the plans all along?

Thanks for any insight!

 

[HomeGuru]

They should have disclosed this but that is one of the oldest developer tricks. You probably have no legal recourse based on the fine print on your contract docs and the fact that the developer will say that the 2nd tower plans were not finalized.